Firstly watch 25740-25837 amid
Middle-East war acceleration risk
Nifty-Intra Day Chart Analysis &
Market Outlook(03-10-2024)
Nifty-Intra Day Chart (01-Oct-2024):-
Technical Patterns formation in today intraday charts
1- Firstly 118 points up in first 5 minutes after little gap down weaker opening
2- 168 Points down in next 2 hours
3- More than 4 hours sideways trading with lower levels consolidation patterns between 25740-25837
4- Whole day actual trading between 25740-25907
Conclusions from intra day chart analysis
Although firstly 118 points up in first 5 minutes after little gap down weaker opening but not sustaining at higher levels and 168 points down moves were also seen in the next 2 hours therefore first 2 hours trading will be understood with high volatility.
As more than 4 hours sideways trading was with lower levels consolidation patterns between 25740-25837 therefore firstly sustaining beyond this range should be watched tomorrow for next decisive moves beginning confirmations. As Middle-East war acceleration risk has also emerged after Iran Missile attack on Israel therefore remain cautious because in that situation deeper correction may also be seen towards following next supports which should be watched one by one for next intraday/Very short Term moves beginning confirmations;-
1- 25650-25704
2- 25554-25586
3- 25377-25466
4- 25324-25373
5- 24942-25062(Strong Supports)
6- 24894-24927
7- 24816-24872